Autonomous, Battery-Electric Rail System
An autonomous battery-electric rail system for transporting intermodal freight containers.
Maturity not rated
Startup · United States
Parallel Systems
HQ Los AngelesFounded 202011-50 employees
Parallel Systems develops autonomous battery-electric rail vehicles to move short-haul freight from trucks to existing railroad infrastructure. Its system is designed to integrate with existing rail operations.
Oct 7, 2026Company (high significance)Parallel Systems Closes $100M+ in New Funding to Fully Commercialize Autonomous Freight Rail Systemprnewswire.comApr 14, 2025Company (high significance)PARALLEL SYSTEMS TO LAUNCH FIRST COMMERCIAL PILOT IN APRIL FOLLOWING FEDERAL RAILROAD ADMINISTRATION APPROVAL AS COMPANY CLOSES $38 MILLION SERIES B FUNDING ROUNDprnewswire.com
- Oct 7, 2026Company (high significance)prnewswire.comParallel Systems Closes $100M+ in New Funding to Fully Commercialize Autonomous Freight Rail System
- Apr 14, 2025Company (high significance)prnewswire.comPARALLEL SYSTEMS TO LAUNCH FIRST COMMERCIAL PILOT IN APRIL FOLLOWING FEDERAL RAILROAD ADMINISTRATION APPROVAL AS COMPANY CLOSES $38 MILLION SERIES B FUNDING ROUND
Funding2 rounds · $138M
- Equity raised
- $138M
- Latest
- $100MSeries C · Oct 7, 2026
Apr 14, 2025Oct 7, 2026
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Oct 7, 2026 | Series C | $100M | — | AVP | Agility Global, Anthos Capital, Cobalt Capital, Collaborative Fund, Congruent Ventures, Hillspire, Riot Ventures | Confirmed |
| Apr 14, 2025 | Series B | $38.0M | — | Anthos Capital | Collaborative Fund, Congruent Ventures, Riot Ventures | Confirmed |
- Series CLed by AVPWith Agility Global, Anthos Capital, Cobalt Capital, Collaborative Fund, Congruent Ventures, Hillspire, Riot VenturesConfirmed$100MOct 7, 2026
- $38.0MApr 14, 2025
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Systems1
Newest unveiled first. Open a system for its milestone timeline, components and sources.
Supply Chain1 facility
Facilities1
| Facility | Kind | Location | Status | Confidence |
|---|---|---|---|---|
| Los Angeles office | Office | Los Angeles, CA, United States | Operating | Confirmed |
- Los Angeles officeOffice · Los Angeles, CA, United StatesOperatingConfirmed
People5
- Ben Stabler · LinkedIn ↗
Co-founder
- Brian Ignaut
Co-founder
- John Howard
Co-founder
- Matt Soule
co-founder and CEO
- Matt Soule
Co-Founder & Chief Executive Officer
Hiring Observations10 observed listings
Backend Software Engineer II ↗
Los Angeles, CA · Engineering
Open when checked · Greenhouse public employer job board
Checked Oct 13, 2026
Electrical Engineer – Vehicle Systems ↗
Los Angeles, CA · Engineering
Open when checked · Greenhouse public employer job board
Checked Oct 13, 2026
Enterprise Account Executive ↗
Los Angeles, CA · Commercial
Open when checked · Greenhouse public employer job board
Checked Oct 13, 2026
Los Angeles, CA · Commercial
Open when checked · Greenhouse public employer job board
Checked Oct 13, 2026
Los Angeles, CA · Other
Open when checked · Greenhouse public employer job board
Checked Oct 13, 2026
Full Stack Software Engineer I ↗
Los Angeles, CA · Engineering
Open when checked · Greenhouse public employer job board
Checked Oct 13, 2026
Los Angeles, CA · Commercial
Open when checked · Greenhouse public employer job board
Checked Oct 13, 2026
Los Angeles, CA · Other
Open when checked · Greenhouse public employer job board
Checked Oct 13, 2026
Senior Manufacturing Engineer ↗
Los Angeles, CA · Manufacturing
Open when checked · Greenhouse public employer job board
Checked Oct 13, 2026
Los Angeles, CA · Engineering
Open when checked · Greenhouse public employer job board
Checked Oct 13, 2026
A sample of observed listings, not a total vacancy count. Availability may have changed since collection. Categories are inferred from job titles.
Company Metrics
Employee-profile counts reflect LinkedIn profiles associated with the company, not verified headcount. One observation establishes a baseline; it does not establish growth.
Sources10
Profile2
- 1
Sixth-Domain · Supports Organization · kind
“{"group": "startups", "id": "5d68cb63-7813-4eaa-ae8e-6ef0a634bcdc", "name": "Parallel Systems"}”
- 2CompanyParallel
Parallel Systems · Supports Organization, Organization · description, Organization · name, Organization · website
“Parallel develops autonomous, battery-electric rail vehicles to convert freight from truck to rail. Our technology enables railroads to serve new markets, decongest highways, and reduce shipping costs”
Systems1
- 3CompanyProduct
Parallel Systems · Supports System
“Autonomous, Battery-Electric Rail System Parallel’s autonomous battery-electric rail system integrates into today’s rail operations to deliver a safer, cheaper alternative to trucking. Parallel vehicles are capable of hauling intermodal containers up to 500 miles on a single charge.”
Funding2
- 4CompanyParallel Systems Closes $100M+ in New Funding to Fully Commercialize Autonomous Freight Rail System
prnewswire.com · Oct 7, 2026 · Supports Funding round
“LOS ANGELES, Oct. 7, 2026 /PRNewswire/ -- Parallel Systems (Parallel or The Company), the world's leading battery-electric autonomous freight rail company, has closed its Series C funding round with $100 million in new capital. New investors include AVP which led the round, Hillspire, Agility Global, and Cobalt Capital, as well as participation from existing investors including Anthos Capital, Congruent Ventures, Riot Capital, and Collaborative Fund. Founded in 2020 by Matt Soule, who spent 13 years with SpaceX, the Company has assembled a team of engineers and rail operations professionals who will drive full commercialization, expansion into international markets, and scale manufacturing of Parallel's third-generation Panther rail vehicle.”
- 5
prnewswire.com · Apr 14, 2025 · Supports Funding round
“LOS ANGELES, April 14, 2025 /PRNewswire/ -- Parallel Systems, the world's first autonomous battery-electric rail system, will launch its first commercial pilot in April after securing approval from the Federal Railroad Administration (FRA) to deploy its railcars along a 160-mile stretch of two Georgia railroads. The company has also closed its Series B funding round of $38 million, led by Anthos Capital, joined by Collaborative Fund, as well as Congruent Ventures, Riot Ventures and others. To-date the company has raised approximately $100 million in funding.”
Supply chain1
- 6
People2
- 7
cnbc.com · Supports Role
“- Matt Soule, the co-founder and CEO of Parallel Systems, worked at SpaceX for 13 years and left in July 2019.”
- 8
Other2
- 9
- 10DatabaseLinkedIn company profile
LinkedIn · Supports Organization · employee range, Organization · founded year, Organization · hq city, Organization · linkedin url, Organization · ownership, Organization metric · employees in linkedin, Organization metric · followers
“company_size: 11-50 employees”
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